Shares of Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY – Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $13.38, but opened at $14.38. Yankuang Energy Group shares last traded at $14.0680, with a volume of 1,189 shares changing hands.
Wall Street Analyst Weigh In
Separately, Zacks Research cut Yankuang Energy Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Yankuang Energy Group currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on YZCAY
Yankuang Energy Group Stock Up 3.3%
The stock has a fifty day moving average price of $15.28 and a two-hundred day moving average price of $16.63. The company has a market capitalization of $13.61 billion, a price-to-earnings ratio of 7.90 and a beta of 0.19.
Yankuang Energy Group (OTCMKTS:YZCAY – Get Free Report) last posted its quarterly earnings data on Monday, August 31st. The energy company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.37). The company had revenue of $10.45 billion during the quarter, compared to analysts’ expectations of $6.45 billion. As a group, research analysts forecast that Yankuang Energy Group Company Limited Sponsored ADR will post 2.50 earnings per share for the current fiscal year.
About Yankuang Energy Group
Yankuang Energy Group Co, Ltd., formerly known as Yanzhou Coal Mining Co, Ltd., is a China-based energy and natural resources company. Its principal business is the exploration, mining, processing and sale of thermal and metallurgical coal, which is supplied to electricity producers, industrial users and other customers.
The company also has operations in coal-related chemicals, electricity generation, mining equipment manufacturing, logistics and other energy businesses. Through its international subsidiaries and investments, including Yancoal Australia, Yankuang Energy has maintained coal-mining and marketing activities in Australia in addition to its operations in China.
Yanzhou Coal Mining was established in 1997 and adopted the name Yankuang Energy Group in 2021 as part of a broader expansion beyond traditional coal mining.
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